Global Payout, and electronic and prepaid payment solution provider, is entering an agreement with San Diego based Boundless Payment Solutions (BPS) to issue international debit cards to foreign residents (view press release). BPS was formed from the merge of two companies, one that specialised in remittances and the other in international banking. Through BPS’s relationship with international banks, Global Payout is launching a prepaid debit MasterCard with Cirrus/Maestro that can be used by residents of most international countries. Cardholders can use the card at around 1 million ATM locations and around 30 million brick and mortar and online merchant locations. Internet account access is offered through the bank issuer and there is 24 hour customer service in 16 languages. Global Payout is currently issuing the cards to qualified international businesses.

“The demand for viable payout alternatives has increased in the international market,” said Global Payout CEO, Jim Hancock. “The prepaid debit MasterCard accounts will allow our multinational clients to efficiently make payments to its members and employees and provide for instant access to their funds.”

PaymentEye_BTF_MPU_300x250

Most Popular

Michael Cocoman, International Regulatory Lead at Stripe, considers the impact of PSD2 on marketplace platforms in Europe and Stripe’s solution to shoulder the regulatory burden so platforms can focus on running their online businesses.